Tuesday, June 28, 2016

Numismatic News founder Chet Krause dies at age 92

Chester L. "Chet" Krause, Numismatic News founder and Krause Publications builder, died June 25 at age 92.

The first issue of what became a monthly and then weekly periodical was published Oct. 13, 1952. It originally sold for $2 a year. It helped revolutionize numismatics and changed his life. He went from rural carpenter/building contractor into a pioneering hobby publisher.

Chet Krause

Mr. Krause picked up on a need for ever increasing speed in numismatic business and communications, yet remained loyal to his hometown of Iola, Wis., which even now has a population of only 1,300.

It was this rural isolation, far from the urban areas that hosted coin shops and shows, that brought him to believe that many other collectors shared the same needs he had.

He was right. That single insight proved to be timely. It eventually became the basis of a large publishing business called Krause Publications serving collectors in many other fields beyond numismatics.

Mr. Krause was born six miles east of Iola, Dec. 16, 1923. He had five older brothers and sisters.

His schooling began in a one-room school house. It ended when he graduated from Iola High School in 1941.

He was drafted at the age of 19 and was inducted into the U.S. Army in February 1943.

His World War II military service as an auto mechanic in the 565th Anti-Aircraft Artillery Battalion put him in the 3rd Army generaled by George Patton.

Mr. Krause became a builder when he returned to Iola in 1946. He left that business in 1957 when publishing required his full-time attention.

Numismatic News grew with coin collecting to the highs of the roll and bag boom that peaked in 1964. He acquired a magazine in 1962 that he renamed Coins. The numismatic recession that hit in 1965 along with clad coinage nearly cost Mr. Krause the company.

He sold his coin collection to support the business. He founded a new title, Coin Prices, in 1967, but soon he reached beyond coin collectors and it was this diversification that set off a period of consistent growth.

In 1971 he founded, Old Cars, a paper for car collectors. His business vision took him into other collectible fields that ranged from sports cards and comic books to firearms, antiques and paper money.

If there was a collector of something, there was a need for a price guide. Mr. Krause compiled the Standard Catalog of World Coins first published in 1972 and it became the bedrock resource for the world's many coin collectors and dealers. Today, the Krause-Mishler catalog numbers named after him and his co-author, Clifford Mishler, are the basis of the world coin identification system.

By the 1980s, there were 150 book titles, many of them price guides, to go with the stable of periodicals.

In 1988 he created an Employee Stock Ownership Plan. By 1992 all his shares in the company had been transferred to it.

Even as his corporate role changed, he never lost interest in either the Iola community or in the community of collectors in the many fields served by Krause Publications titles.

Krause Publications was sold in 2002 to F+W. The proceeds went to the employees.

Mr. Krause's sense of duty pushed him in 2007 to run for the American Numismatic Association board of governors with a slate of like-minded hobbyists. Their goal was reform. He was 83 when the ballots were counted. He stepped down as soon as the reforms took root.

From his personal office on Main Street he oversaw his community and charitable interests.

He stopped going to the office just weeks before his death from congestive heart failure.

The funeral will be held at 2 p.m. July 1 at the Iola-Scandinavia High School Gymnasium.

Visitation will be at the same location from 11:30 a.m. until the time of the service.

Memorials may be given in memory of Chester, to Childrens Hospital of Wisconsin, 9000 W. Wisconsin Ave, Milwaukee, WI 53226, or to the Rawhide Boys Ranch, E7475 Rawhide Road, New London, WI 54961.

Thank you Mr. Chet Krause.

My condolences to the family.

Source: numismaster.com
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Wednesday, June 22, 2016

Rumours: 60 years Merdeka notes designs

Generally speaking, all collectors already read the news about BNM Design Competition for 2017 Commemorative Banknotes.

BNM has conducted two briefing sessions on 16 June (Thursday) and 17 June 2016 (Friday) at Theatrette, Muzium dan Galeri Seni, Sasana Kijang, Bank Negara Malaysia.

60 years Merdeka

Many local designer don't know they must come to the briefing sessions to know what kind of banknotes they will be designing. BNM don't stated in their statement that it is necessary to go to any of the briefing sessions. I am not sure if only people who go to the briefing sessions are allowed to join the competition.

From the information we received, BNM distributed a CD cointaning information, rules and regulation about the competition during briefing sessions on 16 and 17 June.

If any of you local designer who don't go to the briefing session, you might want to try to contact the persons who are in charge of the competition (you can get their contact in my earlier post). Maybe they can give you the CD. If they can't give you any information, you need to find any of your friends who attend the briefing to know the competition guidelines.

The 60 years Merdeka commemorative banknote will be in two denomination and sizes, RM60 and RM600 banknotes. You can also make a design for a vertical or normal banknotes. The RM60 banknote will be a bit bigger then the current RM50 baknnotes and the RM600 banknote will be the biggest Malaysia banknote in history.

We heard the main theme is Yang di-Pertuan Agong, 15 Yang di-Pertuan Agong faces maybe will be on the banknotes.

The submission deadline is on 5 August 2016, the competition winners announcement will be on October 2016. The commemorative banknote will be on sale one month before Merdeka 2017.

However, this is just a rumors since they're no official announcement about the banknote designs by BNM.

Anyone of you go to the briefing sessions? Can you share the information with us?
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Tuesday, June 21, 2016

Numis Coins moved to Amcorp Mall

After few years (almost 3 years?) his shop at Maju Junction Mall closed, Numis Coins and notes (Raymond Chang) have open a new shop at Amcorp Mall, Petaling Jaya. When we make a visit on 19 June, he is still busy sorting his items in his new shop.

Raymond Chang

The new Numis Coins and notes is at LG 19 (next to Giant Supermarket), Amcorp Mall, 18, Jalan Persiaran Barat, Off Jalan Timur, 46050 Petaling Jaya, Selangor.

He said, he will be open everyday at around 11am and will be closed around 8pm. If you're coming on weekdays, to make sure he open his shop, please contact him before you coming for a visit at his shop. He open at around 9am for weekends.

Numis Coins and notes
Owner: Raymond Chang
Address: LG 19 (next to Giant Supermarket), Amcorp Mall, 18, Jalan Persiaran Barat, Off Jalan Timur, 46050 Petaling Jaya, Selangor.
HP: +6016-9832690

It will take time before his shop fully ready for a visitor but he still need to open to pay for his rental fees.

For anyone who still don't know him, Raymond Chang is one of the old-timer numismatic dealer in Malaysia. He is one of the dealer who specialized in Malaysia proof coins.

He also sell Malaysia, Malaya, Straits Settlements, and also foreign coins & banknotes. He also sell coins & banknotes accesories (coin holder, coin album, banknote album, magnifying glass etc ).

Congratulations and best wishes to Raymond Chang for his new shop. Even though he was busy, he was still willing to entertain questions from us.

Apparently, there is some reason to visit Amcorp Mall during weekdays as more coin dealer open their shop there.
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Sunday, June 19, 2016

KN Boon 8th edition book

On 19 June 2016, KN Boon 8th edition book, 1786-2016 Malaysia, Brunei & Singapore, Banknotes & Coins officially have been released for collectors. This is not just a numismatic reference book but consider as a collectible items for numismatic collectors.

Last year, most collectors bought at least 2 copies of the KN Boon 7th edition book, one for their everyday reference and one for their collectible item collection.

This year, when the news about the book come out today in Facebook, many collectors already asked Trigo Amcorp Mall (Trigometric Sdn Bhd Official Facebook account) about the book price and make booking for the book.

Like last year, only 5,000 copies of the books are printed by Trigometric. The new edition book is a lot heavier and thicker then the previous edition. This is because of the new sections added in the new book.

KN Boon

8th edition of the Malaysia Brunei & Singapore Banknotes & Coins, a complete education reference for Numismatic Collector. The Banknotes & coins Catalog cover Straits Settlements, Malaya, North Borneo, Penang, Sarawak, British Trade Dollar, Malaysia, Singapore and Brunei currency.
Published by: Trigometric Sdn Bhd
Date published: 06/19/2016
Edition: 8th Edition
ISBN: 978-983-43313-8-2
Available in Paperback

A must have numismatic book for Malaysia banknotes and coins collectors, this new edition is 616 pages thick compare to the previous edition 496 pages.

47 pages of the much awaited Malaya Rubber export coupons section has been added in the book. At least 87 new catalog numbers has been added for Malaya Rubber export coupons. They are many unlisted Malaya Rubber export coupons added in this catalog including some of the proof and specimen coupons. Many Malaya Rubber export coupons before 1940 added in the book, some of them I have never seen before.

I should add, according to my interview with Trigometric today, most of the images for Malaya Rubber export coupons taken by Master Sifu KN Boon himself. In my opinion, images taken were very good, the color display in the book for the Malaya Rubber export coupons is the same as the original coupons.

Most of the coupons added in the books own by collectors, you can read about it in the image reference section, at the back of the book.

Trigometric told me there was little mistake in printing for page 301, the 25 katis normal coupon image is added in the page instead of the 25 katis Specimen coupon image.

Maybe in the new edition, the information for the coupons printers are added in the future catalog.

Another new section is private estate currency, Loke Yew estate. Four (4) denominations of the token notes, printed by Waterlow & Sons added in the book.

For Malaysia coins, they manage to add the latest Yayasan Sabah Commemorative coins in the catalog. For Malaysia circulation coins, they are still no updated mintage provided by Bank Negara Malaysia.

For this new edition book, the picture of Malaysia banknotes are without the signature of the governor and the words "WANG KERTAS INI SAH DIPERLAKUKAN DENGAN NILAI". It is directive of Bank Negara Malaysia (BNM) that Trigometric Sdn Bhd need to comply to get approval from BNM.

They put the signature of the governor below the title of the banknote series.

Book Price
The price for the new book is RM75 (without gst) per book or RM79.50 including gst for single book.

For bulk order, minimum is five (5) copies, RM67 (without gst) per book or RM71.02 including gst.

For member price, RM70 (without gst) per book or RM74.02 including gst. Only 1 book is allowed per member. Please bring your Trigometric member card.

Trigometric Sdn Bhd also received order for outstation buyer, you can email or contact them via information provided below to confirm prices for postage. They have special packaging for the books to ensure that the book reaches you in good mint condition.

KN Boon books

You can visit Trigometric Sdn Bhd at Amcorp Mall to get your copies of the book.

Trigometric Sdn Bhd
Lot 327, Amcorp Mall,
18 Jalan Persiaran Barat,
Off Jalan Timur,
Petaling Jaya
46050 Selangor,
Tel: 603-79579566
Fax: 603-79579568
Email: trigo3833(at)yahoo.com
Open everyday, 10am to 6pm only, except Monday.
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Friday, June 17, 2016

New Europa €50 unveiled on July 5

The European Central Bank (ECB) and the national central banks of the euro area – the Eurosystem will unveil the new Europa series €50 banknote on 5 July 2016. The new note is planned to be brought into circulation in spring 2017.

Europa €50

The new €50 Europa series banknotes will show architectural styles from Renaissance period.

An independent banknote designer based in Berlin, Reinhold Gerstetter, was selected to refresh the design of the euro banknotes.

Banknote equipment manufacturers, industry associations and the ECB signed a memorandum of understanding to underline their commitment to ensure that vending, ticketing and other machines accepting banknotes will work with the new €50 note as of the launch date. They also committed to inform their customers, partners, employees and other stakeholders about the new banknote.

“We – the Eurosystem and our industry partners – have started to prepare for the introduction of the new €50 note early on, to ensure businesses are ready so that people can use their new banknotes smoothly everywhere as of the day they enter into circulation”, said Ton Roos, Director Banknotes at the ECB.

The €50 banknote is the most widely used of all euro banknote denominations. More than 8 billion banknotes in circulation are €50 banknotes, representing about 45% of the total.

The ECB and its partners held a seminar for banknote equipment manufacturers and others at the Banco de España in Madrid on 15 June 2016. The aim of the seminar was to help partners prepare for the introduction of the new €50 banknote and to facilitate the adaptation of banknote equipment.

The national central banks of the Eurosystem have since April offered banknote equipment manufacturers the opportunity to carry out tests with new €50 banknotes inside national central bank buildings. From July, they will also offer new €50 banknotes on loan to interested banknote equipment manufacturers and other relevant third parties for testing at their own offices and at banknote equipment locations. The Eurosystem also offers a wide range of information to all interested parties, including via the Partnership Programme, to help them train and inform their employees, their customers and euro area citizens about the new €50 banknote and its security features.

The new Europa €20 start circulating on 25 November 2015.
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